Sysco Co. (NYSE:SYY) Shares Bought by Captrust Financial Advisors

Captrust Financial Advisors raised its position in Sysco Co. (NYSE:SYY) by 7.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 124,341 shares of the company’s stock after acquiring an additional 8,891 shares during the period. Captrust Financial Advisors’ holdings in Sysco were worth $9,706,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. TruNorth Capital Management LLC purchased a new position in Sysco in the second quarter worth $25,000. Armstrong Advisory Group Inc. increased its holdings in shares of Sysco by 1,240.0% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 335 shares of the company’s stock valued at $26,000 after purchasing an additional 310 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Sysco in the third quarter valued at about $26,000. Valley Wealth Managers Inc. purchased a new stake in Sysco during the third quarter worth about $31,000. Finally, Focused Wealth Management Inc acquired a new position in Sysco during the third quarter worth about $37,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on SYY. Wells Fargo & Company decreased their price target on Sysco from $87.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. JPMorgan Chase & Co. boosted their target price on Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. StockNews.com cut Sysco from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 21st. Finally, Jefferies Financial Group increased their price objective on shares of Sysco from $91.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Sysco presently has an average rating of “Moderate Buy” and a consensus target price of $85.77.

Insider Activity at Sysco

In other news, Director Sheila Talton sold 2,900 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $74.63, for a total transaction of $216,427.00. Following the completion of the sale, the director now directly owns 12,955 shares of the company’s stock, valued at $966,831.65. The trade was a 18.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Eve M. Mcfadden sold 4,036 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $75.10, for a total value of $303,103.60. Following the completion of the transaction, the senior vice president now directly owns 48,451 shares in the company, valued at $3,638,670.10. This trade represents a 7.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

Sysco Stock Up 0.6 %

Shares of NYSE SYY opened at $77.11 on Monday. The firm has a market cap of $37.88 billion, a P/E ratio of 19.82, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.73 and a current ratio of 1.26. Sysco Co. has a 1 year low of $69.03 and a 1 year high of $82.89. The firm’s 50 day moving average price is $75.78 and its 200 day moving average price is $74.77.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.04). Sysco had a net margin of 2.44% and a return on equity of 101.04%. The business had revenue of $20.48 billion during the quarter, compared to analysts’ expectations of $20.47 billion. During the same period in the prior year, the firm earned $1.07 EPS. Sysco’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Sysco Co. will post 4.57 earnings per share for the current year.

Sysco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 3rd will be given a $0.51 dividend. The ex-dividend date is Friday, January 3rd. This represents a $2.04 annualized dividend and a dividend yield of 2.65%. Sysco’s dividend payout ratio is presently 52.44%.

Sysco Profile

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.